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President Barack Obama issued a veto threat last week against a corporate tax-cutting orgy that promised the world to many powerful interests but did little for the middle class and nothing for low-income Americans. The president's move was singularly useful. It should be a sign of things to come. The widespread pessimism about the next two years in Washington is premised on the view that divided government can work only if both sides are reasonable and engage in amiable bargaining. Obviously, given how profoundly conservative Republicans have become and how deeply many of them loathe Obama, that's not about to happen. But the coming period could be useful in an entirely...

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President Barack Obama issued a veto threat last week against a corporate tax-cutting orgy that promised the world to many powerful interests but did little for the middle class and nothing for low-income Americans. The president's move was singularly...

With days to go until the midterms, and with polls pointing to the prospect that Republicans could take control of the Senate, the stakes are high not just for the Obama administration and congressional Democrats, but for the United States. The...

Six of Illinois' biggest companies hold a combined $100 billion in profits overseas, a strategy that keeps those earnings from being subject to U.S. corporate income taxes.
The tax-trimming move by those and 44 other U.S. companies with global operations...

WASHINGTON, Sept 19 (Reuters) - Two Senate Democrats want to force U.S. companies to pay an exit tax on any profits held overseas if the companies decide to reincorporate abroad to cut their tax bills, the latest in a slew of proposals to stem such...

In 2007, I was finishing a book about my husband's race for the U.S. Senate in Ohio when my editor called with some changes.In the book, I had rattled off quite a list of all the wrongs, perceived and otherwise, visited on us during the campaign. Unfair...

Ohio Democrat Ted Strickland plans to jump into the U.S. Senate race against Republican Rob Portman, adding a formidable contender with statewide name recognition to the 2016 contest, a Democrat with knowledge of Strickland's plans said Tuesday. The...

The Independent Community Bankers of America has stepped up its support for a proposal to strip the Federal Reserve Bank of New York of its permanent vote on monetary policy and share it with the other regional Fed banks. Dallas Fed President...

Missouri Secretary of State Jason Kander, a Democrat, announced his challenge to GOP Sen. Roy Blunt this week. But he'll have to overcome the Republican lean of the Show-Me State and history in order to win. There are many paths to the Senate, but...

Troubled by consumer complaints and loopholes in state laws, federal regulators are putting together the first rules on payday loans aimed at helping cash-strapped borrowers avoid falling into a cycle of high-rate debt. The Consumer Financial Protection...

Boosted by their November election gains, congressional Republicans have launched a new effort to weaken, bit by bit, a law that dramatically expanded federal oversight of the financial system after the Great Recession.
On Wednesday, the...

Returning to Washington with fewer numbers and increased doubt about their direction in the new Congress, Democrats are pushing President Obama to pursue a more aggressive economic agenda that lays the groundwork for a political rebound in 2016 by...

Five senators on Thursday urged Burger King Worldwide Inc. not to move to lower-tax Canada, accusing the company of trying to avoid paying its fair share for roads and other public services it receives in the United States.
The letter, organized by...

Burger King's $11.4-billion deal for Canadian coffee-and-doughnut chain Tim Hortons Inc. — with a new headquarters in Canada — sparked calls for a boycott and criticism of billionaire Warren Buffett, who is helping to finance the merger.
The latest in...

WASHINGTON — In an era of unprecedented efforts by the Federal Reserve to bolster the economy, add another first — a highly public campaign to influence the selection of the central bank's next chief.
Supporters of Fed Vice Chair Janet L. Yellen have...

WASHINGTON — Democrats retained a narrow majority in the Senate on Tuesday, but Republicans kept their grip on the House, delivering another divided, and highly polarized, Congress.
The balance of power was likely to shift by no more than a seat or...